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Weehawken Township, NJ

Weehawken Portfolio
$9,250,000

Key Information

Cap Rate
5.25%
Tot. SF
40,350
$ per unit
$181,000
Units
51
Type
Apartments
NOI
$485,201

Highlights

5 Building Portfolio Opportunity:

  • 5 Building Portfolio
  • 51 Units
  • $181K Price Per Unit
  • 70% Upside
  • All buildings less than 20 minute commute to Midtown Manhattan

 

Building Highlights:

  • 49 Residential Units
  • 2 Commercial Units
  • 15+ Year Ownership
  • Renovated Units
  • Boilers Replaced within the Last 5-Years
  • 49-53 47th St & 95 Highwood Ter- Tenant pays for cooking gas & electric
  • 76 46th St – Tenant pays for heat, cooking gas, and electric

 

Convenient Transportation:

  • 95 Highwood Terrace is approximately a 1-minute walk to the Park Ave at 37th St bus stop, providing an 11-minute ride to midtown Manhattan.
  • 49-53 47th St is approximately a 4-minute walk to the Blvd East at 47/48th St bus stop, providing an 18-minute ride to midtown Manhattan.
  • 76 46th St is approximately a 2 minute walk to the Park Ave at 45th/Fulton St, providing a 16-minute ride to midtown Manhattan.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656